We’re excited to announce that XSwap is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of cross-chain asset swaps by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of XSwap and realize the adoption of cross-chain asset swaps.
XSwap: Secure, Seamless and Efficient Cross-Chain Asset Transfers
XSwap’s mission is to empower protocols and end-users with secure, reliable, and easy-to-use cross-chain payments, all underpinned by Chainlink CCIP. We aim to expand across various EVM-based blockchains and become the premier cross-chain payments layer.
Why We Joined Chainlink BUILD
XSwap joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, XSwap will receive key benefits, including access to and integration of Chainlink Price Feeds, Chainlink VRF, and most critically for our cross-chain protocol, Chainlink CCIP, along with access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, XSwap will make 6.5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink BUILD to gain access to the industry-standard blockchain interoperability solution, Chainlink CCIP, along with Chainlink’s secure suite of decentralized computing services. We look forward to advancing the cross-chain ecosystem and welcome the vibrant Chainlink community into the XSwap ecosystem.”—Arthur, co-founder of XSwap
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
In a rapidly evolving decentralized finance (DeFi) landscape, seamless interoperability between diverse blockchain networks has emerged as a critical need. XSwap takes center stage, promising fluid cross-chain liquidity movements.
- First Mover Advantage: XSwap is proud to be one of the first platforms leveraging Chainlink's Cross-Chain Interoperability Protocol (CCIP). This pioneering step sets XSwap apart from other DeFi platforms and is positioned to become a leader in the field of cross-chain swaps.
- Chainlink's Technological Backbone: Chainlink, renowned for its decentralized oracle network, introduces the Cross-Chain Interoperability Protocol (CCIP) as a breakthrough in blockchain interoperability. CCIP is designed to optimize and simplify moving assets across diverse blockchains.
- Enhanced User Experience: No longer do we have to deal with intricate, time-consuming, and hazardous cross-chain swaps. With XSwap powered by CCIP, users can expect a streamlined and user-friendly experience, cutting down on multiple transaction steps and reducing wait times.
- Ease of Integration: XSwap introduces a spectrum of tools allowing third-party projects to integrate cross-chain liquidity movements with minimal effort. This innovative approach makes it possible to transform single-chain applications to handle cross-chain messages with ease.
- Broadened Accessibility: As DeFi continues its upward trajectory, many users are spread across various networks, maintaining assets across multiple chains. XSwap's integration with CCIP ensures that these users can effortlessly access and move their assets, expanding the scope of decentralized finance.
- Security and Trust: Leveraging Chainlink's reputation for secure and reliable protocols, XSwap ensures that users' assets are always safe during swaps. The combination of XSwap's inherent security features and Chainlink's robust CCIP protocol minimizes the risks often associated with cross-chain transfers.
XSwap's integration with Chainlink's Cross-Chain Interoperability Protocol introduces a new age in DeFi, where boundaries between blockchains become more permeable, and users enjoy unparalleled ease in liquidity transfers. As the first project to embark on this journey with Chainlink, XSwap does not simply follow trends, it sets them.